This can't be right, can it? (Egg Money cash back)

mary

1. Yes there is a repeat £50 fee
2. Slightly misled you with my English. Initially had 6 months 0% for £3,000. Have just talked them into 2nd 6 month but managed to increase the limit to £5,000,after some hard graft. Had to go through the questions. I have a low income (£15K), but they could see on my credit file (so presumably they did another check) that I have a mortgage of £145K in my own name and wondered how I could pay it all. Told them I have 2 properties, one totally mine and the other with a mortage. Both are let and therefore tenants pay the mortgage not me. Because I have recently been turned down by Stroud & Swindon (i.e. Cooperative Bank) I got my Experian file and noticed that M&S hadn't closed my file with "settled" and the revised down credit limit of £13K with Egg had not been reduced to £5K. (In fact just this week, I have completely closed down the Egg Green and just keep the Egg Blue for spending and muling. Explained that I thought the reason Cooperative had turned me down that they could see a potential to borrow £13K+£8K, which surprisingly the A&L guy yesterday on the phone said they only look at the actual amount currently out on loan, not the potential!

david78

Transfered £2500 off my Egg Money card a few weeks ago. I did this by telephone. Statement arrived today and I have £25.00 cashback. So the loop-hole is definitely still there.

iggypop37

ah ... now i have just transferred £2800 from egg to a Sainsburys Intenet saver account and the CSA made a point of making me agree to a BT rather than BACS - so no cashback for iggypop methinks .....

tubster

That's a shame iggypop. You could try again for a smaller amount (less than £2000) with an operator, or make the bacs request by email, which has worked for me - harder for them to disagree perhaps.
Tubster

Glowboy

I opened an Egg Savings account a few months ago and use this as a route. I send a secure message asking for the positive balance to be transferred to the savings account. So far this has always produced cashback, although it takes a few days to be actioned. Once in Egg Savings you can transfer funds onward to any account accessible by sort code/account number, by the looks of it. This includes credit card minimum payments.

Milarky

Glowboy wrote:

I opened an Egg Savings account a few months ago and use this as a route. I send a secure message asking for the positive balance to be transferred to the savings account. So far this has always produced cashback, although it takes a few days to be actioned. Once in Egg Savings you can transfer funds onward to any account accessible by sort code/account number, by the looks of it. This includes credit card minimum payments.

That's the successful formula then - it worked for me when I finally tried it on the advice gleaned from posts - and there were a few days delay as you described. 'Transfer to savings' is the transaction description I believe. The cashback is wholly automated I imagine.

Afahmaep

Sorry to be a killjoy everybody but thought this thread had died in June only to see a flurry in the last few days.
Purely on a personal note can this be resurrected after 31/03/07 when the cashback has been paid IYKWIM.

The_doomed

just sent them a secure message to initiate transfer....will update

tubster

That's it - transfer the positive balance to your linked account. The money has to be in your account for FIVE days before they will transfer it out again.
Tubster

The_doomed

received a secure message from egg saying they cant make bacs payments over £100 so have decided to do a balance transfer instead.

I never requested a balance transfer and they never asked my consent (now meaning im without the cash for 10 days )and instead would have spent the cash or withdrawn it. So I aint happy and have filed a complaint. awaiting response.